Top NetSuite Modules and Their Benefits for Your Business

Let’s be transparent: if you want to scale, boost efficiency and make smart data-driven decisions, you need the right tool for the job. You need an enterprise resource planning (ERP) system. . NetSuite, the leader in cloud-based ERP solutions, offers the right suite of tools and modules meant to solve any and all problems your business throws at it. Today, we’ll walk through the top NetSuite modules, their benefits, and how you can turn them into a blessing for your business. 

NetSuite Integration for Financial Management

If you have no grip on your finances, you’re bound for failure. Financial Management through NetSuite offers real-time financial views, accounting processes, and helps with local and global accounting compliance standards. These modules will allow you to ease up your accounting with automations and workflows for accounts receivable, payable, and your general ledger. Statistically, this helps reduce manual errors and saves time across all departments in your business, meaning your whole business runs smoother.

CRM

Every business needs a CRM. It’s where you manage your contacts, reach out to them, nurture them, and more. The NetSuite CRM module provides a 360-degree view of your customers and aligns with sales, customer support, and marketing. While managing everything is great, having a bird’s eye view helps with improving sales efficiency and effectiveness. 

As if the ease of keeping all contacts in one spot wasn’t good enough, NetSuite’s CRM module also includes Salesforce automation, which allows for the majority of your sales processes from lead management to be automated. These tools extend further by allowing for the execution of targeted marketing campaigns and tracking their performance. When you can track every piece of data, you’ll see better outcomes. 

Inventory Management & NetSuite Customization

While inventory management is relatively robust, it’s also another module that helps maintain optimal inventory levels through real-time tracking. This means no more running into stock outs or excess inventory. Your supply chain management and team will love you. Another benefit of having solid inventory management is that you get benefits in the order management realm and supply chain realm. 

NetSuite also offers an order management module to streamline order-to-cash processes. No more time wasting for fulfillment! This leads to better customer satisfaction with efficient order management, real-time status tracking, and with a few tweaks, faster delivery times. 

And, as mentioned, supply chain will love you for integrating NetSuite due to their end-to-end supply chain module which allows real-time insights and unmatched operations visibility. This module specifically improves supplier collaboration with better communication and collaboration tools. 

E-Commerce

Fulfillment’s a breeze with NetSuite’s E-Commerce module. Integrate your E-Commerce ops with the ERP system for a seamless shopping experience across all channels. Customers can access self-service portals for order tracking, returns, and account management, which improves customer satisfaction and reduces the support costs you’re probably over paying on. 

NetSuite offers a ton of flexible,functional modules that cater to businesses of all sizes and industries. When they leverage these modules, operations get streamlined, efficiency is compounded, and businesses edge toward success with actionable insights. For more information on how NetSuite can benefit your business, visit Devma.